Bitcoin’s (BTC) market cap is consistently in excess of 50% of the size of the total crypto industry, meaning more funds are held in BTC than every other digital asset combined.
With bitcoin dominance reaching multiyear highs of over 60% during the current bull market, projects built on other networks have been looking for ways to get a slice of the pie. Now the AI bots are giving it a go.
Artificial intelligence-focused Ethereum layer-2 blockchain Mode is the latest to bridge to Bitcoin in an attempt to access the deep wells of liquidity held in BTC.
Mode has teamed up with rollup protocol BitcoinOS (BOS) to give AI agents on its network permissionless access to Bitcoin, according to an emailed announcement on Thursday.
BOS recently carried out a similar integration with the Cardano network, activating its Grail bridge to facilitate the flow of BTC in that ecosystem.
The Grail bridge uses zero-knowledge (ZK) technology to allow assets to be transferred between the respective networks. ZK proofs are cryptographic protocols that allow one party to prove a statement is true to another without revealing additional information.
Mode is an Ethereum layer-2 built with Optimism’s OP Stack and aims to scale decentralized finance (DeFi) applications through on-chain agents powered by AI.
Read More: Leading Bitcoin Layer 2 Picks Optimism’s Red-Hot Superchain to Link to Ethereum
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
On-chain data shows the Bitcoin MVRV Z-Score has fallen to its lowest level in years…
Bitcoin’s latest slide has pushed prices into territory not seen so far this year, with…
Crypto’s capital rotation is predictable in rhythm but wild in its targets. While retail chases…
Deciding what crypto to invest in right now is getting tricky. The market is pivoting…
Crypto sentiment is shifting decisively. While Bitcoin hovers around critical resistance levels, the real capital…
Months ago, a prominent crypto analyst outlined a precise window where the Bitcoin price could…